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Ophthalmic Devices Market by Product Function [Surgical Devices (Refractive Error Surgery Devices, Glaucoma Surgery Devices, Cataract Surgery Devices, and Vitreoretinal Surgery Devices) Ophthalmic Diagnostic Devices (Refractors, Corneal Topography Systems, Retinal Ultrasound Systems, Fundus Camera, Ophthalmoscopes, OCT, Perimeters, Slit Lamps, and Tonometer), and Vision Care Devices (Contact Lenses and Spectacles)]: Global Opportunity Analysis and Industry Forecast, 2020–2027

A01716
Pages: 175
Jun 2020 | 9954 Views
 
Author(s) : Ankita Sonar & Komal Urde , Onkar Sumant
Tables: 57
Charts: 64
 

COVID-19

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Ophthalmic Devices Market Overview:

The global ophthalmic devices market size was valued at $32,534.0 million in 2019, and is projected to reach $44,865.0 million by 2027, registering a CAGR of 4.0% from 2020 to 2027. 

Ophthalmology is a branch of medical science that deals with the structure, function, and various eye diseases. Ophthalmic devices are medical equipment designed for diagnosis, surgery, and vision correction. These devices gain increased importance and adoption due to high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision-related issues. 

Increase in prevalence of ophthalmic diseases such as cataract and glaucoma is a key factor that significantly drives the growth of the global ophthalmic devices market. Furthermore, surge in penetration of digital devices, including laptops, smartphones, and computers, e-readers; rapid technological advancements such as introduction of intraocular lenses (IOLs) coupled with increasing focus on customer training and education among eye care professionals regarding eye diseases and associated complications; and rise in awareness related to devices used in the field of ophthalmology are expected to propel the ophthalmic devices market growth. However, low awareness about eye-related diseases and dearth of skilled professionals are expected to hamper the growth of the ophthalmic devices market. On the contrary, the emerging countries such as China and India possess high growth potential, owing to the improving healthcare infrastructure in these countries.

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The emergence of the novel coronavirus SARS-CoV-2, and the resulting disease COVID-19, has created a major international public health challenge. This is has impacted all the sectors, disrupting the supply chain, and creating a shortage of supplies. As the government has imposed lockdown, the ophthalmology diagnostics clinics and the surgeries are postponed. This is due to the ophthalmologists are at high risk, considering the proximity to patients when inspecting patients and transmission may happen, including the eyes. Furthermore, the government has imposed guidelines for practice such as the use of teleophthalmology services for the patients who require urgent follow-up.

Depending on product function, the report segments the global ophthalmic devices market into ophthalmic surgical devices, diagnostic devices, and vision care devices. The ophthalmic surgical devices segment is further categorized into refractive error surgical devices, glaucoma surgical devices, cataract surgical devices, and vitreoretinal surgical devices. The cataract surgery devices segment dominated the ophthalmic surgical devices market in 2019, and is expected to reach $5,219.6 by 2017, registering a CAGR of 3.9% from 2020 to 2027.

The global ophthalmic diagnostic devices segment is subdivided into refractors, corneal topography systems, retinal ultrasound systems, fundus camera, ophthalmoscopes, optical coherence tomography systems, perimeters, slit lamps, and tonometer. The retinal ultrasound segment is expected to reach $3,286.6 by 2027, registering a CAGR of 4.4% from 2020 to 2027.

Ophthalmic Devices Market
By Product Function

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Technological advancement marks a significant trend in the global ophthalmic diagnostic devices market. For instance, there is shift in preference from use of traditional, manually operated refractors to autorefractors, computerized corneal topography systems, and spectral domain optical coherence tomography (OCT). Such rapid technological advancements are expected to improve the diagnostic procedure by providing accurate outcomes to support treatment decisions

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The vision care devices segment is further bifurcated into contact lenses and spectacle lenses. The spectacle leases segment is expected to reach $12,669 by 2027, registering a CAGR of 3.6% from 2020 to 2027. The spectacle lenses sub-segment accounted for a significant share of the vision care segment in 2010. Increasing number of preventive measures for vision care and rising prevalence of stress-induced eye disorders is presumed to promote the use of anti-glare spectacle lenses, thus contributing towards the growth of the ophthalmic devices market. 

Ophthalmic Devices Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

The major causes of blindness and low vision in the U.S. are age-related eye diseases such as age-related macular degeneration, cataract, diabetic retinopathy, and glaucoma. Refractive errors are among the common eye eye-related issues in the U.S.

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Region wise, the ophthalmic devices market analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America ophthalmic devices segment accounted for the largest share in 2019; however, the Asia-Pacific segment is anticipated to grow with the highest CAGR of 4.5% throughout the forecast period. According to the Center for Diseases Control and Prevention, diabetic retinopathy is expected to account for major cause of blindness in the U.S. From 2010 to 2050, the number of Americans with diabetic retinopathy is expected to nearly double from 7.7 million to 14.6 million. Glaucoma further contributes toward the loss of vision and blindness. 

The Asia-Pacific region is projected to witness significant growth during the forecast period, due to increase in the incidence of ophthalmic diseases such as cataract, glaucoma, AMD, and refractive errors. Moreover, a rise in geriatric population and increase in inclination toward surgical procedures for treatment contribute toward the market growth. Furthermore, large number of patients operated with glaucoma and cataract in the Asian countries provide a major opportunity for the manufacturers, which they can capitalize on to increase their ophthalmic devices market share. 

Ophthalmology devices market is highly competitive in nature since major players are focused on development and launch of innovative products to strengthen their foothold in the competitive market. The key players operating in the global ophthalmic devices market include, Novartis AG, Carl Zeiss Meditec AG, Essilor International S.A., HAAG-Streit Holding AG, Johnson & Johnson, Nidek Co., Ltd., Topcon Corporation, Valeant Pharmaceuticals International, Inc., and Ziemer Ophthalmic Systems AG. The other players in the industry are Sonomed Escalon, Hoya Group, Gulden Ophthalmics, FCI Ophthalmics, Glaukos Corporation, and STAAR Surgical.

These market players are employing in strategies, such as entering into mergers & acquisitions, product launch, and geographical expansions, to attain a larger share of the industry. These strategic moves enabled the company to strengthen its product portfolio and to gain more industry share. Furthermore, an expansion in the product pipeline as a consequence of high R&D investment strategies is employed by these companies.

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the global ophthalmic devices market size along with the current trends and future estimations to elucidate the imminent investment pockets.

  • It offers ophthalmic devices market analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.

  • A comprehensive analysis on region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities. 

  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global ophthalmic devices market growth.

Key Market Segments

By Product Function 

  • Ophthalmic Surgical Devices 
    • Refractive Error Surgical Devices 
    • Glaucoma Surgical Devices 
    • Cataract Surgery Devices 
    • Vitreoretinal Surgical Devices 
  • Ophthalmic Diagnostic Devices 
    • Refractors 
    • Corneal Topography Systems 
    • Retinal Ultrasound Systems 
    • Fundus Camera
    • Ophthalmoscopes 
    • Optical Coherence Tomography Systems 
    • Perimeters 
    • Slit Lamps 
    • Tonometer
  • Ophthalmic Vision Care Devices 
    • Contact Lenses 
    • Spectacle Lenses 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil 
    • South Africa
    • Saudi Arabia 
    • Rest of LAMEA

List of key players profiled in the report

  • Novartis AG
  • Carl Zeiss Meditec AG
  • Essilor International S.A.
  • HAAG-Streit Holding AG
  • Johnson & Johnson
  • Nidek Co., Ltd.
  • Topcon Corporation
  • Valeant Pharmaceuticals International, Inc.
  • Ziemer Ophthalmic Systems AG
  • Hoya Corporation
 

CHAPTER 1: INTRODUCTION

1.1. Report description

1.1.1. Key benefits for stakeholders
1.1.2. Key market segments

1.2. Research methodology

1.2.1. Secondary research
1.2.2. Primary research
1.2.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top player positioning, 2019
3.2.3. Key forces shaping the global ophthalmic devices market

3.3. MARKET DYNAMICS

3.3.1. Drivers

3.3.1.1. Rise in prevalence of eye-related diseases worldwide
3.3.1.2. Rapid technological advancements in ophthalmic
3.3.1.3. Increase in focus on customer training and education along with awareness
3.3.1.4. High adoption of digital devices worldwide

3.3.2. Restraints

3.3.2.1. Low awareness about eye-related diseases
3.3.2.2. Dearth of skilled professionals53

3.3.3. Opportunities

3.3.3.1. Potential growth opportunities in emerging nations for ophthalmic devices manufacturers

3.4. GOVERNMENT REGULATIONS

3.4.1. FDA
3.4.2. CE Mark
3.4.3. Pharmaceuticals and Medical Devices Agency and Ministry of Health, Labor, and Welfare (MHLW) 

CHAPTER 4: OPTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION

4.1. Overview

4.1.1. Market size and forecast, by region

4.2. Surgical devices

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Refractive error surgical devices

4.2.3.1. Market size and forecast

4.2.4. Glaucoma surgical devices

4.2.4.1. Market size and forecast

4.2.5. Cataract surgical devices

4.2.5.1. Market size and forecast

4.2.6. Vitreoretinal surgical devices

4.2.6.1. Market size and forecast

4.3. Diagnostic devices

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Refractors

4.3.3.1. Market size and forecast

4.3.4. Corneal topography systems

4.3.4.1. Market size and forecast

4.3.5. Retinal ultrasound systems

4.3.5.1. Market size and forecast

4.3.6. Fundus camera

4.3.6.1. Market size and forecast

4.3.7. Ophthalmoscopes

4.3.7.1. Market size and forecast

4.3.8. Optical coherence tomography systems

4.3.8.1. Market size and forecast

4.3.9. Perimeters

4.3.9.1. Market size and forecast

4.3.10. Slit lamps

4.3.10.1. Market size and forecast

4.3.11. Tonometer

4.3.11.1. Market size and forecast

4.4. Vision care devices

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Contact lenses

4.4.3.1. Market size and forecast

4.4.4. Spectacle lenses

4.4.4.1. Market size and forecast

CHAPTER 5: OPHTHALMIC DEVICES MARKET, BY REGION

5.1. Overview

5.1.1. Market size and forecast

5.2. North America

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by product function
5.2.3. Market size and forecast, by region
5.2.4. U.S. 

5.2.4.1. Market size and forecast, by product function

5.2.5. Canada

5.2.5.1. Market size and forecast, by product function

5.2.6. Mexico

5.2.6.1. Market size and forecast, by product function

5.3. Europe

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by product function
5.3.3. Market size and forecast, by region
5.3.4. Germany

5.3.4.1. Market size and forecast, by product function

5.3.5. France

5.3.5.1. Market size and forecast, by product function

5.3.6. UK

5.3.6.1. Market size and forecast, by product function

5.3.7. Italy

5.3.7.1. Market size and forecast, by product function

5.3.8. Spain

5.3.8.1. Market size and forecast, by product function

5.3.9. Rest of the Europe

5.3.9.1. Market size and forecast, by product function

5.4. Asia-Pacific

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by product function
5.4.3. Market size and forecast, by region
5.4.4. Japan

5.4.4.1. Market size and forecast, by product function

5.4.5. China

5.4.5.1. Market size and forecast, by product function
5.4.6. Australia market size and forecast
5.4.6.1. Market size and forecast, by product function

5.4.7. India

5.4.7.1. Market size and forecast, by product function

5.4.8. Rest of Asia-Pacific

5.4.8.1. Market size and forecast, by product function

5.5. LAMEA

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by product function
5.5.3. Market size and forecast, by region

5.5.4. Brazil

5.5.4.1. Market size and forecast, by product function

5.5.5. Saudi Arabia market size and forecast

5.5.5.1. Market size and forecast, by product function

5.5.6. South Africa

5.5.6.1. Market size and forecast, by product function

5.5.7. Rest of LAMEA

5.5.7.1. Market size and forecast, by product function

CHAPTER 6: COMPANY PROFILES

6.1. Carl Zeiss Meditec AG

6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Product portfolio
6.1.5. Business performance
6.1.6. Key strategic moves and developments

6.2. Essilor International S.A. 

6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Product portfolio
6.2.5. Business performance
6.2.6. Key strategic moves and developments

6.3. Haag-Streit holding Ag

6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments

6.4. Hoya Corporation

6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Business performance
6.4.5. Key strategic moves and developments

6.5. Johnson & Johnson

6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Product portfolio
6.5.5. Business performance
6.5.6. Key strategic moves and developments

6.6. NIDEK CO., LTD. 

6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Key strategic moves & developments

6.7. Novartis AG (ALCON-a division of Novartis) 

6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Product portfolio
6.7.5. Business performance

6.8. Topcon Corporation

6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Product portfolio
6.8.5. Business performance

6.9. Bausch Health Companies Inc. 

6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Product portfolio
6.9.5. Business performance

6.10. Ziemer Ophthalmic Systems AG

6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Product portfolio

6.11. List of mergers and acquisitions (M&A) activities

LIST OF TABLES

TABLE 01. GLOBAL OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 02. OPHTHALMIC SURGICAL DEVICES MARKET, BY REGION, 2019-2027 ($MILLION) 
TABLE 03. OPHTHALMIC DIAGNOSTIC DEVICES MARKET, BY REGION, 2019-2027 ($MILLION) 
TABLE 04. OPHTHALMIC VISION CARE DEVICES MARKET, BY REGION, 2019–2027 ($MILLION) 
TABLE 05. OPHTHALMIC DEVICES MARKET, BY REGION, 2019–2027 ($MILLION) 
TABLE 06. NORTH AMERICA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 07. NORTH AMERICA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 08. U.S. OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 09. CANADA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 10. MEXICO OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 11. EUROPE OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 12. EUROPE OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 13. GERMANY OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 14. FRANCE OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 15. UK OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 16. ITALY OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 17. SPAIN OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 18. REST OF EUROPE OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 19. ASIA-PACIFIC OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 20. ASIA-PACIFIC OPHTHALMIC DEVICES MARKET, BY COUNTRY, 2019–2027 ($MILLION) 
TABLE 21. JAPAN OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 22. CHINA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 23. AUSTRALIA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 24. INDIA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 25. REST OF ASIA-PACIFIC OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 26. LAMEA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 27. LAMEA OPHTHALMIC DEVICES MARKET, BY COUNTRY, 2019–2027 ($MILLION) 
TABLE 28. BRAZIL OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 29. SAUDI ARABIA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 30. SOUTH AFRICA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 31. REST OF LAMEA OPHTHALMIC DEVICES MARKET, BY PRODUCT FUNCTION, 2019–2027 ($MILLION) 
TABLE 32. CARL ZEISS: COMPANY SNAPSHOT
TABLE 33. CARL ZEISS: OPERATING SEGMENTS
TABLE 34. CARL ZEISS: PRODUCT PORTFOLIO
TABLE 35. ESSILOR: COMPANY SNAPSHOT
TABLE 36. ESSILOR: OPERATING SEGMENTS
TABLE 37. ESSILOR: PRODUCT PORTFOLIO
TABLE 38. HAAG-STREIT: COMPANY SNAPSHOT
TABLE 39. HAAG-STREIT: OPERATING SEGMENTS
TABLE 40. HOYA: COMPANY SNAPSHOT
TABLE 41. HOYA: OPERATING SEGMENTS
TABLE 42. J&J: COMPANY SNAPSHOT
TABLE 43. J&J: OPERATING SEGMENTS
TABLE 44. J&J: PRODUCT PORTFOLIO
TABLE 45. NIDEK: COMPANY SNAPSHOT
TABLE 46. NIDEK: OPERATING SEGMENTS
TABLE 47. NOVARTIS: COMPANY SNAPSHOT
TABLE 48. NOVARTIS: OPERATING SEGMENTS
TABLE 49. NOVARTIS: PRODUCT PORTFOLIO
TABLE 50. TOPCON: COMPANY SNAPSHOT
TABLE 51. TOPCON: OPERATING SEGMENTS
TABLE 52. TOPCON: PRODUCT PORTFOLIO
TABLE 53. BAUSCH HEALTH COMPANIES: COMPANY SNAPSHOT
TABLE 54. BAUSCH HEALTH COMPANIES : OPERATING SEGMENTS
TABLE 55. BAUSCH HEALTH COMPANIES: PRODUCT PORTFOLIO
TABLE 56. ZEIMER: COMPANY SNAPSHOT
TABLE 57. ZIEMER: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. GLOBAL OPHTHALMIC DEVICES MARKET SEGMENTATION
FIGURE 02. TOP WINNING STRATEGIES, BY YEAR, 2016–2020
FIGURE 03. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2020 (%)
FIGURE 04. TOP WINNING STRATEGIES, BY COMPANY, 2016–2020
FIGURE 05. TOP PLAYER POSITIONING, 2019
FIGURE 06. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07. MODERATE BARGAINING POWER OF BUYERS
FIGURE 08. HIGH THREAT OF SUBSTITUTION
FIGURE 09. HIGH THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE COMPETITVE RIVARLY
FIGURE 11. MARKET DYNAMICS FOR OPHTHALMIC DEVICES MARKET
FIGURE 12. GLOBAL REFRACTIVE ERROR SURGERY DEVICES MARKET, 2019-2027
FIGURE 13. GLOBAL GLAUCOMA SURGICAL DEVICES MARKET, 2019-2027
FIGURE 14. GLOBAL CATARACT SURGERY DEVICES MARKET, 2019-2027
FIGURE 15. GLOBAL VITREORETINAL EYE SURGERY DEVICES MARKET, 2019-2027
FIGURE 16. GLOBAL REFRACTORS MARKET, 2019–2027 ($MILLION) 
FIGURE 17. GLOBAL CORNEAL TOPOGRAPHY SYSTEMS MARKET, 2019–2027 ($MILLION) 
FIGURE 18. GLOBAL RETINAL ULTRASOUND SYSTEMS MARKET, 2019–2027 ($MILLION) 
FIGURE 19. GLOBAL FUNDUS CAMERA MARKET, 2019–2027 ($MILLION) 
FIGURE 20. GLOBAL OPHTHALMOSCOPES MARKET, 2019–2027 ($MILLION) 
FIGURE 21. GLOBAL OPTICAL COHERANCE TOMPGRAPHY SYSTEMS MARKET, 2019–2027 ($MILLION) 
FIGURE 22. GLOBAL PERIMETERS MARKET, 2019–2027 ($MILLION) 
FIGURE 23. GLOBAL SLIT LAMPS MARKET, 2019–2027 ($MILLION) 
FIGURE 24. GLOBAL TONOMETERS MARKET, 2019–2027 ($MILLION) 
FIGURE 25. GLOBAL CONTACT LENSES MARKET, 2019–2027 ($MILLION) 
FIGURE 26. GLOBAL SPECTACLE LENSES MARKET, 2019–2027 ($MILLION) 
FIGURE 27. U.S. OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 28. CANADA OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 29. MEXICO OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 30. GERMANY OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 31. FRANCE OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 32. UK OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 33. ITALY OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 34. SPAIN OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 35. REST OF THE EUROPE OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 36. JAPAN OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 37. CHINA OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 38. AUSTRALIA OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 39. INDIA OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 40. REST OF ASIA-PACIFIC OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 41. BRAZIL OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 42. SAUDI ARABIA OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 43. SOUTH AFRICA OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 44. REST OF LAMEA OPHTHALMIC DEVICES MARKET, 2019–2027 ($MILLION) 
FIGURE 45. CARL ZEISS: REVENUE, 2017-2019 ($MILLION) 
FIGURE 46. CARL ZEISS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 47. CARL ZEISS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 48. ESSILOR: REVENUE, 2017-2019 ($MILLION) 
FIGURE 49. ESSILOR: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 50. HOYA: REVENUE, 2017-2019 ($MILLION) 
FIGURE 51. HOYA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 52. HOYA: REVENUE SAHRE FOR LIFE CARE SEGMENT, 2019 (%)
FIGURE 53. HOYA: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 54. J&J: REVENUE, 2017-2019 ($MILLION) 
FIGURE 55. J&J: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 56. J&J: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 57. NOVARTIS: NET SALES, 2017–2019 ($MILLION) 
FIGURE 58. NOVARTIS: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 59. NOVARTIS: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 60. TOPCON: REVENUE, 2016-2018 ($MILLION) 
FIGURE 61. TOPCON: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 62. BAUSCH HEALTH COMPANIES : REVENUE, 2017-2019 ($MILLION) 
FIGURE 63. BAUSCH HEALTH COMPANIES : REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 64. BAUSCH HEALTH COMPANIES : REVENUE SHARE BY REGION, 2019 (%)

 
 

The ophthalmic devices market is expected to witness a steady growth in the future. The market has drawn the interest of the healthcare industry, owing to increase in prevalence of eye-related diseases, globally.

The ophthalmic devices market is dominated by well-established players; hence, the market witnesses intense competition. The adoption of these devices has increased considerably, owing to increase in prevalence of eye-related diseases, which is propels the market growth. In addition, increase in product launches is expected to contribute toward the growth market. As per the analysis in the report, the use of ophthalmic devices is highest in the North American region, owing to higher number of product approvals, followed by product launches.

 
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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The total value of ophthalmic devices market was $32,534.0 million in 2019.

A. The forecast period in the report is from 2020-2027.

A. The market value of oral antibiotics market in 2020 was $34,046.8 million.

A. The base year calculated is 2018 in the report.

A. Rising prevalence of eye related diseases, technological advancements and increases awareness among people will drive the market according to the KOLs

A. The market has drawn the interest of the healthcare industry, owing to an increase in prevalence of eye-related diseases, globally.

A. The growth % of the ophthalmic devices market is 4.0%.

A. Vision care segment holds the maximum market share.

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